Origins of Bitcoin : The Crypto Currency Follower

Bitcoin is a digital currency market where Crypto currency is followed
and largest virtual money dealer with no real money..The shares of bitcoin is more valuable than gold .. These virtual currency is making the world follow it with a tremendous increase of its value..

Tuesday, 13 February 2018

They announced that it consumes low electricity and maximum mining revenue.

As it launches showroom that allows public to tour in mining farm and the showroom will display 1,000 mining rigs. The showroom will be opened from next month and they plan to start acceptance from middle of the march.

The company plans to launch more and more mining farms overseas.

DMM says it will mine several types of coins including BITCOIN,ETHER and LITECOIN as theymentioned they are not particular to BITCOIN.

They planned to develop cloud mining that allows general users to purchase the mining rights.

MINING RIGS:

DMM installed two types of mining rigs they are:

AISC , GPU

AISC and GPU allows company to mine in different types of cryptocurrencies. and the AISC machines are made in china. and the speed of machine is 650MH/s and GPU are about 300MH/s or less.

The power consumption for ASIC is 750W and for GPU is 1900 to 2000W and the GPU are connected to two power supplies

Saturday, 13 January 2018

As per the latest news RELAINCE JIO COMMUNICATION services planning to launch its own cryotocurrency called“JIOCOIN” and the company’s venture headed by the “AKASH AMBANI” s/o “MUKESH AMBANI”

JIO communication services planned to build a BLOCK-CHAIN technology for JIOCOIN to launch its own cyrptocurrency

Relaince Jioshakes the telecomm world with its free offers and given a big competitive for other telecomm services like AIRTEL,IDEA,VODAFONE,BSNL

JIO members are planned to hire 50members to work on the block-chain technology for “JIOCOIN”

Crypto currency is most popular and trending in all over the world. and the Relaince communication has planning to launch the “JIOCOIN”

As of now from JIO communication services they successfully launched the JIO smartphone and JIO-SIM with 4G technology and now successfully runs into the JIO-COIN which changes the world into digital currency.

IOT (internet on things) is now trending all over the world and the JIO communication services

are following the same communication .But there is no official statement has released for

“JIO-COIN”

As per sources and market the price of BITCOIN and LITECOIN decreased to 18% and 14% significantly. This may effects the crytpcurrency and “JIOCOIN”

ARUN JAITLEY who is the FINANCE MINISTER of INDIA announced that cryptocurrency is not legal in INDIA because the transactions are recorded publicly

There are 1300 cryptocurrencies worldwide and in INDIA there are 11exchanges that are dealing with cryptocurrencies

The virtual currency is the DIGITAL MONEY that money stored in the digital wallets and RBI says that there are losses in digital currency by hacking passwords and hack the digital wallet and they says no to cryptocurrency

Digital currency mostly use for illegal transactions and illicit transactions. so that no one knows who transacted the money. And there are 6lakh active cryptocurrency trade holders in the country as per TAX AUTHORITY

Friday, 12 January 2018

DMM Bitcoin is the crypto-currency exchange that recently launched by the DMM group.

DMM group made the grand opening and the exchange is giving away 1,000 yen to all customers and a limited time give to avail this offer and in the period from january to march 11th

And the group announced that the exchange is using a trading platform provided by simplex inc. and it is called “simplex cryptocurrency”.The mainly for this platform is trading tools for the general investors and for the business management system.

According to the DMM group announcement a subsidiary is launching a new cryptocurreny exchange. and it is announced earlier this week and its is filed with the japanese authority.

Cointap is the new cryotocurrency exchange that planned to be launch this spring. and it allows us easily buy the virtual currencies from the mobile apps from smart phones

Most of the people think that exchange of cryptocurrency is very difficult. But it is not true. DMM group explained whole cryptocurrency exchange process.

As per the announcementjapan’s DMM Bitcoin exchange opens fo business with 7cryptocurrencies.

Thursday, 11 January 2018

This is the main rival of Bitcoin, and offenly referred as Silver to Bitcoin's Gold .It was created by Charlie Lee..It is a open global source payment and controlled by central authortiy and uses "scrypt" as a guided proofy thing and even can be resolved with the help of CPU's consumer grade..It is faster than Bitcoin in many ways even generates more block generation rate.The number of merchants that accepts Litecoin are increasing day by day..

Ethereum

It is a Decentralized software platform that enables contracts and applications to build and execute or run every time without fraud or disturbed by a third party..it basically runs on cryptographic token (ether).Ether is like a token for moving around ethereum platform..it is used to codify,decentralize,secure and trade..It also captures the place of Litecoin ans gives a perfect competition for bitcoin..

Zcash

It is an open source cryptocurrency launched in late 2016 and attracted the crypto followers..The main thing that attracts is its privacy transactions..it also provides extra security for each and every transaction and even they are published on blockchain ..They are often termed as "Sheilded Transactions" which only allow content to be encrypted using advance cryptographic or zero knowledge constructions.. Here the transactions are also recorded..

Dash

This is the secretive version of a bitcoin and offers more secreties as it is a greatest master code network that is untraceble or unlocated ..It was earlier called Darkcoin which was termed as dash..It was created by Evan Duffield and it can also be mined using a CPU or GPU..It had gained a lot popularity in very short period of time..

Ripple

It is an international global setter network that offers user friendly payments .Ripple doesn't need a mining a feature that even makes apt differences between bitcoin and altcoin. It even reduce the usage of power and minimizes network latency .. It follows a distributive value that centralizes certain behaviours and also makes to distribute the xrp through business development deals , incentive to liquidity providers that makes spreads for payments..it has a current capitalization of $1.26 billion.It provides a tough competition to bitcoin in various aspects..

Saturday, 6 January 2018

According to the latest report some of the people buying BITCOIN with borrowed money and some of them are buying by using credit card.

Last year a detailed report that explains that the world’s outstanding credit card debt has accumulated to over $1 trillion and the debt continues exponentially because of cryptocurrency and it trends worldwide

The latest consumer group says that 18% of people buying BITCOIN with borrowed currency

The following that describes the percentage of purchasing the BITCOIN:

22% of the people who borrowed the money are not paying off their DEBTS

The latest and recent survey that says and trends that borrowing money to purchase BITCOIN and other digital assets has been growing.

Some of the people paying their debts and the credit card bill by selling of the BITCOINS. And according to the latest results some of the people are not worrying about the BITCOIN price volatility

Overall 70% people are using the credit card and interest-bearing loans.
and According to the latest survey Out of 672 surveyed 18% of Lendneudu’s participants Use credit cards to purchase the BITCOIN.

And there are another ways to mine the BITCOIN buying the physical mining equipment and mining yourself or in a group, leasing of mine in the cloud and mining yourself (or) joining the cloud mining co-operation. and it is the better way to buy BITCOIN without borrowing of the money

Most of the people saying that paying off the high interest debt is always a good way to enrich yourself.

And some of the people are saying that buying cryptocurrency with the borrowed money is not worth and waste of money.
Many people in America are taking out mortgages to fund their BITCOIN investments.some of them says that credit cards and equity loans are being used quite often these days to betting big on bitcoin paying off all the investor debts.

Thursday, 4 January 2018

Dogecoin is also a crypto currency like bitcoin and it also known as joke currency and its logo was a dog Shiba inu the dog internet meme.
In 2014 January, it reached a capital of $60 million and it developed time to time.
In 2017,it has reached a capitalization of $1 billion.
It is denoted by D and it has international users.
Till December 2017,112 billion coins have been mined.
Its value is 0.00000036 bitcoin.

DOGECOIN VS BITCOIN

Bitcoin was the first crypto currency it has more users, traders, investors and more number of bitcoins were produced till 2017.
But bitcoin value changes variable but dogecoin value is very stable and it doesn't change.
Dogecoin is introduced after the bitcoin cryptocurrency.
Dogecoin cryptocurrency has low fees for the transaction than the bitcoin transaction.
The transaction fees of dogecoin is less than a cent or rupee.
Dogecoin is more interesting cryptocurrency and it's value is very less.
Dogecoin was introduced by former IBM engineer BILLY MARKUS and JACKSON Palmer, a worker from Adobe systems.
BITCOIN was the first and independent cryptocurrency and it is not derived from any other cryptocurrency but dogecoin is derived and inspired from litecoin.
Bitcoin is based on the algorithm SHA-256.
Dogecoin is based on the algorithm Scrypt.

Wednesday, 3 January 2018

Bitcoin Block Explorer basically describes of web tool that provides information about the blocks,transactions of a bitcoin it is an online block chain browser which is nothing but a website that helps the users find a block chain.many hyper links are provided for the site that helps us to gain access over various sites..The control of the bitcoin block explorer is gained by Liraz siri .The original creator was known to be Theymos.

It mainly aims for the advanced users who are aware of blocks and their usages.bitcoin blocks are first introduced in equivalent of a bitcoin and its network.when it comes to interfacing with the bitcoin block explorer the use of query pages are introduced when ever it is possible but that results in the problems of HTTP fetching tool ,that finally leads to error display tool..and the data becomes inadvisable.Each of the API is embedded with a code in source language and displayed in the main site of block explorer.

The block explorer basically consists of

Block

Block index

Transaction

Address

Address properties

Unsent outputs

Transaction by blocks

Transaction by addresses and multiple addresses

Transaction broadcasting

status of a bitcoin network

Historic blockchain data sync status

live network p2p data sync

utility processes and it's methods

websocket API

The bitcoin block explorer also combines with telnet and displays information regarding telnet, when coming to ripple software it helps in maintaining and updating the software Many real time status display pages are existed before the arrival of the bitcoin block explorer. The unknown use of these explorer may leads to many systematic code errors.The strange transactions are also displayed on the main page along with latest transactions.It is also developed with hash tags which results into other webpages..A block data is available in user understandability where some information is not mentioned or not updated..

Monday, 1 January 2018

*Bitcoin is the digital currency that can we transfer money in the form of BITCOIN if any one needs (or) by paying through digital money wallet

*RIPPLE is slightly more complicated than BITCOIN in the purpose and function
There are some of the major drawbacks in RIPPLE they are:
*Lot of people think that ripple cannot be a trusted company because its a private comapny and with some of the close connections to the banking system

*It is a centralised currency which is private and quite opposite to the BITCOIN
*BITCOIN is a decentralised currency which cannot be a officially partner with any company
*RIPPLE also operates through the blockchain whereas BITCOIN also operates through the blockchain
*As in public and government BITCOIN dominates the other digital currencies and giving quiet competition to the other digital wallet currencies
*one of the alternatives named STELLAR LUMENS(XLM), which is designed to make the international transactions
*It maintains the low transaction fees while transferring the money.
*some time BITCOIN may be slowest and most expensive crypto-currency for transfers
*And by the latest news and discussions it is heavily rumoured that RIPPLE(XRP) will soon be supported by the coinbase.

Friday, 29 December 2017

The first thing is that people think that you have to buy an entire Bitcoin.and they think that price is too high that we can’t afford Bitcoin But this is wrong because we can divide the Bitcoin up and buy a part of it and you can go down to eighth decimal place which means you can divide Bitcoin down to 1 hundred millionth which is called a BIT (or) satoshi.

Some of the people don’t know how to use Bitcoin and lot of people talking about Bitcoin that is plain wrong .The topic is about some of the different myths and misconceptions about Bitcoin just to clear the misunderstanding about Bitcoin

The next one is common and that is Bitcoin is totally anonymous and can’t be tracked by anyone. and that’s not true because every transaction of Bitcoin is recorded through BlockChain and is the ledger that records everyone’s balance.The government also knows how to know the address of Bitcoin and some of the criminals also may track your Bitcoin status.

And the next one is Bitcoin is INSTANT which is not true.when your paying fee through Bitcoin which that queues it up into a transactions and the miners everytime they mine a BLOCK. if the fee is high enough they will then put your transaction into the block chain and the its confirmed and blocks are supposed to be mined about every 10minutes and that means you have to wait for every 10minutes for that transaction to get into the blockchain before its considered a transaction and in some places which accept Bitcoins will require multiple confirmations that gets deeper and deeper into the blockchain and more gets added on and then its irreversible. if you are sending money through bank its may takes 4 (0r) 5 business days they have to do an ACH transfer its take forever and even a wire transfer that supposedly instant but even that could take several hours.

The next one is Bitcoin will need too much computing power. First you have to understand that Bitcoin doesn’t need this amount of computing power. The amount of computing power difficulty scales with the amount of whole hash pull the entire bitcoin network. The people think that it requires a huge amount of power usage and GPU.

The next thing is Bitcoin is worthless because its not backed by anything. Bitcoin is worth money because everyone agrees that its worth money and if we compare with a dollar its a worth money. if the government seized the dollar then its not a worth money. like that only Bitcoin also it depends on people.

The next one is Bitcoin is the only cryptocurrency . so many people think and talk about this but there’s actually a lot of different types of cryptocurrencies upto a thousand at this point most of them are garbage and worthless and but there are a few that are very popular LITECOIN, ETHEREUM.

The final one is Bitcoin is pointless because there’s no reason to use it over regular money. the are some specific reasons that we can transfer the BITCOIN every where in the world and very fast.Even the banks didn’t do that. some of them are like converted the currencies to another one and thats a huge process and it takes a lot of time

Thursday, 28 December 2017

The people intrest in crypto currency has increased drastically.
The main cryptocurrency is bitcoin which was released in 2009 has became dominant in cryptocurrency.
Many cryptocurrencies have entered into the market, Among these the cryptocurrency which has gathered intrest is litecoin.
The similarities and differences between the bitcoin and litecoin are common and the main common similarity is they are both cryptocurrencies.

~POPULARITY AND MARKET CAPITAL

Bitcoin is the most popular cryptocurrency its market capitalization was barely $42,000 in July 2010.
Other cryptocurrencies like ethereum, litecoin and ripple are catching up.

~NUMBER OF COINS(TOTAL)

The main difference is the total number of coins produced by each cryptocurrency.
The bitcoin has maximum limit of 21 million coins and litecoin has maximum limit of 84 million coins.
Due to the low cost of single unit or coin of litecoin it has some advantage over bitcoin.
But some bitcoin wallets like Electrum and multi bit offers users the display option of value of their bitcoins in currency of the country like US dollars.

~PROCESSING SPEED OF TRANSACTION

Although the technical transaction take place fast by both cryptocurrencies but sometime is required for the transaction.
For bitcoin it takes 2 to 3 minutes for transaction but for bitcoin it takes up to 9 minutes.
In the basis of the time litecoin has more advantage, If a person wants to do a transaction fastly he can do it by litecoin but litecoin is less secure than bitcoin because litecoin does not need receiver's confirmation for the transaction.

Wednesday, 27 December 2017

There are some of the smaller amounts that present in BITCOIN and those are represented in “BITS”..There are 1million BITS in a BITCOIN that means 1BIT=0.000001BITCOIN(BTC).

There are lots of fluctuations that present in BITCOIN that might increase (or) decrease the value of BITCOIN,it might be in fractional form also. So from that way the BITS are formed.Bits are easier to remember.when compared to the other units.some of the problems arises in marketing that’s why The term BITS are produced.The director of product at BLOCK CHAIN. DanHeld accepted the BIT payment.The name bit(binary digit) is a basic unit that relates information that are used in computing ,logical,digital communications. Coming to block chaining process It is the chain process of all ledger transactions across the networks.By using this technology.participants can confirm transactions without certifying authority. If someone requests a transaction.the requested transaction is broadcast to a peer to peer network consisting of computers and also known as nodes and the network of nodes validates the transaction and users status and the verified transaction can involves the cryptocurrency and once the verified transaction is completed then its combined with the other transaction and creates a new block of data and then new block is then added to the existing block chain and then transaction is complete. Benefits includes increased transparency,accurate tracking,permanent ledger,cost reduction..

CONVERTING BITCOIN INTO BITS:

Lots of people don’t know that how to convert from BITCOIN to BITS

By dividing the BITCOINS with .000001

ex:- 52.66 BITCOINS / .000001 =52,66,000 BITS

COVERTING BITS TO BITCOINS:

To convert the BITS to BITCOINS. we have to multiply the BITS amount by .000001

Tuesday, 26 December 2017

The twins Cameron and Tyler Winklevoss are well known entrepreneurs and American rowers.They were born on August 21,1981 in New York.For their undergraduation they enrolled in Harvard University in 2000 and completed BA degrees They began graduate business study at university of Oxford and completed MBA in 2010.They launched a social networking site connectU where the users can send messages to their friends, update their profile and their photos to notify the friends about themselves.They co-founded this social networking site with their classmate Divya narendra.In 2004,they arraigned Facebook founder Mark Zuckerberg claiming that he stole their social networking site, connectU idea to create his popular social site,Facebook and they received $65 million from Mark Zuckerberg.

In 2013 they started a math based services LLC to register a bitcoin based exchange fund called bitcoin winklevoss trust but this was denied in 2017, March.

In 2013,They seed funding a bitinstant a bitcoin payment process worth $1.5 million.The twins launched Windrex a site or index that tracks bitcoin price or value in 2014.This site tracks the bitcoin price, weighed based on the daily trade volume based on seven exchanges.The bitcoin exchange got approval from New York department of financial services to launch in October 2015.The exchange is useful for both professional and first time user traders.

The twins have other achievements like 6th place in Beijing Olympics finals in rowing.

Monday, 25 December 2017

Ethereum was born on 2014 at north america discovered by Buterin and raised as a tough competition to Bitcoin..Ethereum is an increment that supports the principle of block chain and which also makes the support for the bitcoin..probably we can say that it is the second largest and bitcoin resides always the first..It is used as digital currency as well as to run the distributed applications.. A cloud based block chain development such as "Ethereum Blockchain as a service(EBS)".

Ethereum is the largest open ended decentrailesd software platform that enables smart contacts and distributed applications..This applications are build without any fraud or interference from the third party..It's not just a platform but also a programming language that runs on blockchain principles..The competition of ethereum with other cryptocurrencies is far better but very less when compare with Bitcoin..

Both bitcoin and ethereum are powered by the principle of ledgers and cryptography but has technically seperate ways ..bitcoin follows stack based language and the programming language of etherum also has a great scope..Where as the ethreum transactions are faster than bitcoin and Etherum has "ethash" and Bitcoin has "secure hash " algorithms respectively..

Bitcoin is developed as alternative to regular money where as ethereum serves a platform that facilitates peer to peer transactions..Ethereum helps to build and run distributed applications unlike bitcoin..These apps are together used to promote the ethereum and also to develop this currency method . Ethereum usage is same as the bitcoin method but bitcoin has the largest currency holder and also bitcoins craze and value is increasing day by day..

Faucets are the websites which give-away the BITCOINS on a regular basis whether for every 10mintues (or) an HOUR (or) once in a week
*simply signup with BITCOIN address (or) with email and if you are selected in the random drawing then you will earn a free BITCOIN
Popular FAUCETS includes:
BITCOIN ZEBRA
MOON BITCOIN
WEEKEND BITCOIN

MICRO-TASKING:

Micro tasking websites like PRIZE REBEL and COIN BUCKS pay users BITCOIN for doing things like taking surveys, watching videos and signing up for the new services accounts are free and easy to start and all of the tasks that can be in your own time

NO DEPOSIT GAMEPLAY:
No deposit games are web-based games that you can play through your mobile phone and the title suggest that require no deposit to start but do payout small amounts of BITCOIN if you win the game.There are lots of online web-based games to earn free BITCOINS like:
CASH CLAMBER
SATOSHI QUIZ
SPARK PROFIT

GAMBLING AND PREDICTIONS:
Some of the casino games are available for BITCOIN gambling.so that many entire web sites exists as GUIDES for all of the different casinos There also exists predictions markets for various events like BITBET & FAIRLAY
There also exists SPORTS BETTING like BEDCOIN SPORTS

COMPETITIVE GAMING:
There are some competitive games that to earn BITCOINS BLACK JACK & POKER are available at BEDCOIN and SWC ,if you are multiplayer gamer some of the games like COUNTER-STRIKE GO,LEAGUE OF LEGENDS(or)MINECRAFT You can play for BITCOINS using the site called “LEET”

GETTING TIPPED
CHANGETIP is a social tipping wallet that you can signup for if you use Twitter,Reddit,Sound cloud,Discuss are there to earn Bitcoins People use some of the Chrome extension like PROTIP that will automatically tip you out small amounts of BITCOIN at the end of each week..STREAMING:
STREAMIUM is a beta stage that peer to peer streaming service which functions like meerkat excepts allows you to charge by the minute for BITCOINS you can stream yourself doing anything from that to play games , uploading videos , selling your charms etc.,It is the first service that available to earn BITCOIN from a stream serviceSOCIAL DISCUSSION:

THE MERKLE.COM Which is a new source for the latest in BITCOIN and BLOCKCHAIN developments they also offers technical analysis of CRYPTO-COINS CHARTS,TUTORIALS and INTERVIEWS.By signing up and subscribing in this website you will earn Free BITCOINS.

MERCHANT SALES:
ZAPCHAIN and SATOSH these sites pay micro tips for popular threads and insightful comments left on a wide range of trending and hot topics in over the world

TORRENT SEEDING:
JOY STREAM is the beta version BIT-TORRENT CLIENT that pays seeders for their Bandwidth from this way you can earn free BITCOINS for bandwidth.

AD SALES:
If you have a blog (or) a website can sell ad space for BITCOINS sites like COIN AD.COM which provides side-bar ads and you can paid per-click

MERCHANT SALES:

If you have something to sell then you can be an BITCOIN MERCHANT ,Some of the sites like BITIFY acts as crypto e-bays that letting you sell used (or) new goods that available in an auction style format.

FREE LANCING:

If you can write, program,translate blog, answering to a customer service calls then you can be a free-lancer and sell your skills on sites like CRYPTO-GRIND & XBT Free lancer and JOBS4BITCOINS. This is the best way to earn free BITCOINS that all work you do daily.FULL TIMING:

Some of the jobs that will pay you BITCOINS for the FULL TIME work that you can get from COIN ALLOTTEE and ANGEL LISTS..